Jane Street Group LLC boosted its stake in shares of Service Properties Trust (NASDAQ:SVC - Free Report) by 2,999.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,518,890 shares of the real estate investment trust's stock after purchasing an additional 2,437,613 shares during the quarter. Jane Street Group LLC owned about 1.51% of Service Properties Trust worth $6,398,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Service Properties Trust by 20.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,554,256 shares of the real estate investment trust's stock valued at $19,188,000 after buying an additional 1,259,382 shares during the period. Barclays PLC boosted its position in shares of Service Properties Trust by 310.6% during the third quarter. Barclays PLC now owns 280,421 shares of the real estate investment trust's stock valued at $1,279,000 after buying an additional 212,130 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Service Properties Trust during the fourth quarter valued at about $828,000. Wolverine Asset Management LLC grew its holdings in shares of Service Properties Trust by 300.5% in the fourth quarter. Wolverine Asset Management LLC now owns 174,903 shares of the real estate investment trust's stock valued at $444,000 after acquiring an additional 131,237 shares in the last quarter. Finally, CM Management LLC increased its position in shares of Service Properties Trust by 50.0% during the fourth quarter. CM Management LLC now owns 450,000 shares of the real estate investment trust's stock valued at $1,143,000 after acquiring an additional 150,000 shares during the last quarter. 77.62% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research firms have recently weighed in on SVC. Wells Fargo & Company upgraded Service Properties Trust from an "underweight" rating to an "overweight" rating and increased their price target for the stock from $2.50 to $4.00 in a research note on Wednesday, March 19th. B. Riley assumed coverage on Service Properties Trust in a research note on Tuesday, April 22nd. They set a "neutral" rating and a $2.00 price objective on the stock.
Check Out Our Latest Research Report on SVC
Service Properties Trust Stock Performance
Shares of NASDAQ SVC traded up $0.04 during midday trading on Tuesday, hitting $2.28. 2,130,331 shares of the stock traded hands, compared to its average volume of 2,135,221. The firm has a market capitalization of $379.93 million, a P/E ratio of -1.55 and a beta of 1.77. Service Properties Trust has a one year low of $1.71 and a one year high of $6.34. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.03 and a current ratio of 0.03. The firm has a 50-day moving average of $2.22 and a two-hundred day moving average of $2.56.
Service Properties Trust (NASDAQ:SVC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.02. The firm had revenue of $435.18 million for the quarter, compared to analysts' expectations of $433.21 million. Service Properties Trust had a negative return on equity of 22.67% and a negative net margin of 12.87%.
Service Properties Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Tuesday, April 22nd. Service Properties Trust's payout ratio is -2.12%.
Service Properties Trust Company Profile
(
Free Report)
Service Properties Trust Nasdaq: SVC is a real estate investment trust with over $11 billion invested in two asset categories: hotels and service-focused retail net lease properties. As of December 31, 2023, SVC owned 221 hotels with over 37,000 guest rooms throughout the United States and in Puerto Rico and Canada, the majority of which are extended stay and select service.
Featured Stories
Before you consider Service Properties Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Service Properties Trust wasn't on the list.
While Service Properties Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
